Ford announces plan to restore profitability.(BUSINESS TRENDS)

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Ford Motor Co. has announced details of a comprehensive plan to restore profitability to its automotive business in North America no later than 2008. Ford will apply lessons learned from consumers and the company's successes around the world to strengthen its Ford, Lincoln, and Mercury brands and deliver more innovative products while simultaneously reducing costs and improving quality and productivity.

For 2006, the company is expecting another year of profitability from automotive operations outside of North America. Pre-tax profits, excluding special items, are expected from automotive operations in South America, Europe (Ford of Europe and Premier Automotive Group), Asia-Pacific, and Africa; and from Mazda and Associated Operations. …

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